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This month, the Global Climate Action Summit – one of the largest international gatherings on climate change the world has seen – will be held in San Francisco.With the Paris climate agreement, the international community agreed to limit the rise in average global temperature to 2 degrees Celsius – and ideally 1.5 C – above preindustrial levels. To that end, national governments were tasked with developing their own climate-action plans, called Nationally Determined Contributions.As part of the Under2 Coalition, over 200 states, regions and local authorities have committed to cut their greenhouse gas emissions by at least 80 percent below 1990 levels by 2050 .Oslo has created a climate budget to guide financial decision-making.At the business level, more than 700 companies with a total market capitalization of over $16 trillion have made far-reaching climate commitments, according to the We Mean Business Coalition. And 289 investors, holding nearly $30 trillion in assets, have signed on to Climate 100+, a five-year initiative to engage with the world's largest corporate greenhouse gas emitters to improve governance on climate change, curb emissions and strengthen climate-related financial disclosures.
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